0001628280-24-009151.txt : 20240305
0001628280-24-009151.hdr.sgml : 20240305
20240305191137
ACCESSION NUMBER: 0001628280-24-009151
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240301
FILED AS OF DATE: 20240305
DATE AS OF CHANGE: 20240305
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hsieh Jackson
CENTRAL INDEX KEY: 0001684096
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12504
FILM NUMBER: 24723498
MAIL ADDRESS:
STREET 1: 2727 N HARWOOD STREET, SUITE 300
CITY: DALLAS
STATE: TX
ZIP: 75201
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MACERICH CO
CENTRAL INDEX KEY: 0000912242
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 954448705
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 401 WILSHIRE BLVD
STREET 2: STE 700
CITY: SANTA MONICA
STATE: CA
ZIP: 90401
BUSINESS PHONE: 3103946000
MAIL ADDRESS:
STREET 1: 401 WILSHIRE BLVD SUITE 700
CITY: SANTA MONICA
STATE: CA
ZIP: 90401
4
1
wk-form4_1709683885.xml
FORM 4
X0508
4
2024-03-01
0
0000912242
MACERICH CO
MAC
0001684096
Hsieh Jackson
401 WILSHIRE BLVD.
STE 700
SANTA MONICA
CA
90401
1
1
0
0
President and CEO
0
LTIP Units
2024-03-01
4
A
0
138634
0
A
Common Stock
138634
138634
D
LTIP Units
2024-03-01
4
A
0
304692
0
A
Common Stock
304692
443326
D
Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.
LTIP Units vest one-third on December 31, 2024, one-third on December 31, 2025 and one-third on December 31, 2026.
Sign-On LTIPs vest over five years on the following schedule: 50% on 3/1/2027, 25% on 3/1/2028, and 25% on 3/1/2029
Michelle Raff for Jackson Hsieh
2024-03-05